Thursday, 14 June 2018

Introduction to technical analysis

Technical analysis is one of the main tools used to predict the future movement of market prices in the light of historical price movements. Like any prediction tool, such as population forecasts and weather forecasts, future predictions can not be 100% accurate. However, these analyzes are very useful in identifying the most likely results and traders need to know how prices will behave in the future. Technical analysis uses a wide range of charts that show price action over time.